Compagnie SF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Compagnie SF
Largest movements
- Tangible fixed assets +€360,305
up €360,305 (+52.2%), from €690,066 to €1.1m
of which Land and buildings: +€355,375
- Financial fixed assets +€283,300
up €283,300 (+40.5%), from €699,480 to €982,780
- Receivables within one year -€36,881
down €36,881 (-24.2%), from €152,213 to €115,331
of which Trade receivables: -€38,803
- Cash +€33,706
up €33,706 (+30.9%), from €109,051 to €142,757
mainly Debts after one year (+€211,713) and Other debts (+€180,000)
- Debts after one year +€211,713
up €211,713 (+49.0%), from €432,144 to €643,857
- Other debts +€180,000
up €180,000 (+58.2%), from €309,365 to €489,365
- Profit (loss) carried forward +€164,263
up €164,263 (+28.1%), from €584,960 to €749,223
- Trade debts +€80,930
up €80,930 (+615%), from €13,156 to €94,086
- Gross operating margin +€69,044
up €69,044 (+18.2%), from €379,508 to €448,552
- Staff costs +€53,508
up €53,508 (+84.5%), from €63,303 to €116,811
- Depreciation +€24,050
up €24,050 (+50.3%), from €47,847 to €71,897
- Financial charges +€14,682
up €14,682 (+129%), from €11,378 to €26,061
- Taxes -€5,978
down €5,978 (-8.3%), from €72,330 to €66,352
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,654,585 | €2,301,882 | +€647,296 | +39.1% |
| Fixed assets | 21/28 | €1,389,546 | €2,033,151 | +€643,605 | +46.3% |
| Tangible fixed assets | 22/27 | €690,066 | €1,050,371 | +€360,305 | +52.2% |
| Land and buildings | 22 | €374,919 | €730,294 | +€355,375 | +94.8% |
| Furniture and vehicles | 24 | €315,146 | €271,226 | -€43,920 | -13.9% |
| Other tangible fixed assets | 26 | - | €48,850 | +€48,850 | |
| Financial fixed assets | 28 | €699,480 | €982,780 | +€283,300 | +40.5% |
| Current assets | 29/58 | €265,040 | €268,731 | +€3,691 | +1.4% |
| Amounts receivable within one year | 40/41 | €152,213 | €115,331 | -€36,881 | -24.2% |
| Trade receivables | 40 | €130,311 | €91,508 | -€38,803 | -29.8% |
| Other amounts receivable | 41 | €21,901 | €23,823 | +€1,922 | +8.8% |
| Cash at bank and in hand | 54/58 | €109,051 | €142,757 | +€33,706 | +30.9% |
| Deferred charges and accrued income | 490/1 | €3,776 | €10,643 | +€6,866 | +182% |
| Total equity and liabilities | 10/49 | €1,654,585 | €2,301,882 | +€647,296 | +39.1% |
| Equity | 10/15 | €722,460 | €886,723 | +€164,263 | +22.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €584,960 | €749,223 | +€164,263 | +28.1% |
| Amounts payable | 17/49 | €932,126 | €1,415,159 | +€483,033 | +51.8% |
| Amounts payable after more than one year | 17 | €432,144 | €643,857 | +€211,713 | +49.0% |
| Financial debts | 170/4 | €432,144 | €643,857 | +€211,713 | +49.0% |
| Amounts payable within one year | 42/48 | €499,981 | €771,301 | +€271,320 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €86,270 | €105,905 | +€19,634 | +22.8% |
| Trade debts | 44 | €13,156 | €94,086 | +€80,930 | +615% |
| Suppliers | 440/4 | €13,156 | €94,086 | +€80,930 | +615% |
| Taxes, remuneration and social security | 45 | €91,190 | €81,945 | -€9,245 | -10.1% |
| Taxes | 450/3 | €82,175 | €69,995 | -€12,180 | -14.8% |
| Remuneration and social security | 454/9 | €9,015 | €11,950 | +€2,935 | +32.6% |
| Other amounts payable | 47/48 | €309,365 | €489,365 | +€180,000 | +58.2% |
| Remuneration, social security and pensions | 62 | €63,303 | €116,811 | +€53,508 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,847 | €71,897 | +€24,050 | +50.3% |
| Other operating charges | 640/8 | €9,295 | €4,392 | -€4,903 | -52.7% |
| Gross operating margin | 9900 | €379,508 | €448,552 | +€69,044 | +18.2% |
| Operating profit (loss) | 9901 | €259,063 | €255,453 | -€3,611 | -1.4% |
| Financial income | 75/76B | €572 | €1,223 | +€651 | +114% |
| Recurring financial income | 75 | €572 | €1,223 | +€651 | +114% |
| Financial charges | 65/66B | €11,378 | €26,061 | +€14,682 | +129% |
| Recurring financial charges | 65 | €11,378 | €26,061 | +€14,682 | +129% |
| Profit (loss) for the period before taxes | 9903 | €248,257 | €230,615 | -€17,642 | -7.1% |
| Income taxes | 67/77 | €72,330 | €66,352 | -€5,978 | -8.3% |
| Profit (loss) for the period | 9904 | €175,928 | €164,263 | -€11,664 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175,928 | €164,263 | -€11,664 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.